Avation (GB:AVAP)
LSE:AVAP
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Avation
(LSE:AVAP)
Select Model
Select Model
Rating:42Neutral
Price Target:
134.00 p
▼(-3.94% Downside)
Action:ReiteratedDate:12/07/25
Avation's overall stock score is primarily impacted by its financial challenges, including high leverage and negative profitability. Technical indicators also suggest bearish momentum. While recent corporate events are positive, they do not offset the fundamental financial concerns.
Positive Factors
Refinancing & corporate actions
The combination of a credit rating upgrade, completed refinancing and an asset sale is a structural improvement to Avation's funding profile. It reduces near-term refinancing risk, can extend maturities and free liquidity to delever or invest, strengthening financial stability over months.
Negative Factors
High leverage
A high debt-to-equity ratio and low equity ratio mean Avation is materially reliant on debt financing. This structural leverage raises interest expense, limits strategic flexibility, and increases vulnerability to rate or demand shocks, constraining sustainable earnings recovery over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Refinancing & corporate actions
The combination of a credit rating upgrade, completed refinancing and an asset sale is a structural improvement to Avation's funding profile. It reduces near-term refinancing risk, can extend maturities and free liquidity to delever or invest, strengthening financial stability over months.
Read all positive factors
Avation (AVAP) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£78.00M
Dividend Yield0.9%
Average Volume (3M)213.10K
Price to Earnings (P/E)―
Beta (1Y)0.73
Revenue Growth15.95%
EPS Growth-136.18%
CountryUK
Employees25
SectorIndustrials
Sector Strength72
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)-0.06
Shares Outstanding61,659,500
10 Day Avg. Volume272,702
30 Day Avg. Volume213,096
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)0.60
Price to Sales (P/S)1.30
P/FCF Ratio2.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.17
Revenue Forecast (FY)£98.55M
Avation Business Overview & Revenue Model
Company Description
Avation PLC, together with its subsidiaries, leases commercial passenger aircraft to airlines worldwide. As of June 30, 2021, the company owned and managed a fleet of 44 aircraft. It is also involved in the financing business. The company was foun...
How the Company Makes Money
Avation generates revenue primarily through the leasing of its aircraft to airlines. The company enters into long-term lease agreements, which provide a steady stream of rental income. Additionally, Avation benefits from the sale of aircraft at th...
Avation Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
40
Negative
Cash Flow
50
Neutral
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 112.93M | 112.55M | 89.48M | 92.69M | 109.84M | 110.79M |
| Gross Profit | 91.62M | 112.55M | -3.83M | -14.31M | 3.05M | 116.67M |
| EBITDA | 96.94M | 98.94M | 29.70M | 20.48M | 40.80M | 79.44M |
| Net Income | -13.51M | -7.72M | 19.73M | 12.19M | 17.13M | -84.89M |
Balance Sheet | ||||||
| Total Assets | 992.87M | 1.10B | 1.14B | 1.18B | 1.22B | 1.28B |
| Cash, Cash Equivalents and Short-Term Investments | 112.85M | 58.26M | 34.31M | 37.28M | 122.89M | 122.47M |
| Total Debt | 588.94M | 652.34M | 675.50M | 755.98M | 828.13M | 947.64M |
| Total Liabilities | 762.44M | 858.09M | 885.92M | 937.96M | 989.93M | 1.13B |
| Stockholders Equity | 230.43M | 243.84M | 256.39M | 243.93M | 227.09M | 156.94M |
Cash Flow | ||||||
| Free Cash Flow | -33.98M | 67.81M | 81.56M | 48.38M | 54.46M | 62.18M |
| Operating Cash Flow | 37.74M | 91.50M | 81.57M | 48.39M | 54.48M | 62.28M |
| Investing Cash Flow | 76.98M | -24.73M | 13.21M | 38.52M | 65.62M | 20.08M |
| Financing Cash Flow | -93.78M | -42.23M | -96.03M | -97.36M | -109.90M | -92.59M |
Avation Technical Analysis
Negative
139.50
Price Trends
138.24
Negative
139.62
Negative
149.24
Negative
Market Momentum
-3.08
Positive
36.11
Neutral
35.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AVAP, the sentiment is Negative. The current price of 139.5 is above the 20-day moving average (MA) of 134.15, above the 50-day MA of 138.24, and below the 200-day MA of 149.24, indicating a bearish trend. The MACD of -3.08 indicates Positive momentum. The RSI at 36.11 is Neutral, neither overbought nor oversold. The STOCH value of 35.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:AVAP.
Avation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £1.37B | 3.78 | 23.46% | 3.08% | -1.17% | 12.31% | |
72 Outperform | £499.33M | 7.10 | 27.48% | 3.65% | 5.78% | -6.80% | |
71 Outperform | £872.74M | 9.81 | 11.69% | 3.19% | 4.40% | 31.59% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | £499.60M | 79.43 | 4.62% | 1.02% | 10.74% | 237.07% | |
42 Neutral | £78.00M | -6.24 | -5.70% | 0.90% | 15.95% | -136.18% |
* Industrials Sector Average
GB:AVAP
Avation
126.50
-17.84
-12.36%
GB:AVON
Avon Technologies
1,682.00
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GB:GFRD
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508.00
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GB:KLR
Keller Group plc
1,972.00
617.56
45.60%
GB:KIE
Kier Group plc
205.00
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63.81%
Avation Corporate Events
Business Operations and Strategy
Avation Leases ATR 72-600 to Croatia’s ETF Airways on Eight-Year Term
Positive
Mar 25, 2026
Avation PLC has delivered an ATR 72-600 aircraft to new customer ETF Airways, a Croatian airline, under an eight-year lease, expanding its global client base in regional aviation. Management highlighted that modern, low-fuel-burn turboprops such a...
Business Operations and StrategyStock Buyback
Avation Continues Share Buyback With Treasury Share Repurchase
Positive
Mar 9, 2026
Avation PLC, a Singapore‑based commercial passenger aircraft lessor, owns and manages a fleet of passenger jets leased to airlines around the world, providing financing and fleet solutions to carriers in multiple markets. The company’s...
Stock Buyback
Avation Expands Treasury Stock with New Share Buyback
Positive
Mar 4, 2026
Avation PLC has executed a share repurchase of 301,067 ordinary shares on the market at 138.85 pence per share, with the bought-back stock to be held in treasury rather than cancelled. Following this transaction, the company reports 66,835,066 ord...
Executive/Board Changes
Avation Names Veteran Finance Executive Andrew Hiscock as CFO
Positive
Mar 4, 2026
Avation PLC, the Singapore‑based commercial passenger aircraft lessor, has appointed Andrew Hiscock as its new Chief Financial Officer with immediate effect. Hiscock brings more than three decades of financial leadership across aviation, aer...
Business Operations and StrategyStock Buyback
Avation Increases Treasury Stock with Share Buyback Under Ongoing Programme
Positive
Mar 3, 2026
Avation PLC has repurchased 325,000 ordinary shares on the market at 140 pence per share as part of its ongoing share buyback programme, with the acquired stock to be held in treasury. Following this transaction, the company now has 66,835,066 ord...
Business Operations and Strategy
Avation moves to re-lease Braathens aircraft amid limited geopolitical impact
Positive
Mar 2, 2026
Avation PLC, the Singapore-based commercial passenger aircraft lessor listed in London, manages a global fleet of regional and passenger jets leased to airlines worldwide. The company’s model centres on long-term leases, diversification by c...
Business Operations and Strategy
Avation Firms Five ATR 72‑600 Orders to Bolster Future Fleet Growth
Positive
Mar 2, 2026
Avation PLC, the Singapore‑based commercial passenger aircraft lessor, has expanded its fleet pipeline by firming up five ATR 72‑600 purchase rights into confirmed orders under its long‑term contract with manufacturer ATR. The mo...
Business Operations and StrategyExecutive/Board Changes
Avation strengthens board with aviation finance veteran Peter Davis
Positive
Feb 26, 2026
Avation PLC has appointed Peter Davis as a non-executive director, effective 26 February 2026, bringing significant aviation finance expertise to its board. Davis previously served as Head of Treasury at BOC Aviation from 2008 to 2022 and has more...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Avation boosts operating profit, cuts leverage as new bond deal extends debt maturity
Positive
Feb 26, 2026
Avation reported a modest rise in revenue to US$56.0 million and a sharply higher operating profit for the six months to 31 December 2025, while remaining loss-making after tax as non-cash bond-related expenses weighed on earnings. The lessor redu...
Financial Disclosures
Avation Sets Date for Interim Results and Investor Call
Neutral
Feb 19, 2026
Avation PLC, a Singapore‑based lessor of commercial passenger aircraft to airlines worldwide, operates a diversified fleet under long‑term leases. The company is listed in London and targets global airline customers seeking flexible ai...
Business Operations and StrategyStock Buyback
Avation Tightens Capital Base With Treasury Share Buyback
Positive
Feb 9, 2026
Avation PLC has repurchased 25,000 ordinary shares at 140.0p each under its ongoing share buyback programme, and will hold these shares in treasury, reducing the company’s total voting rights to 62,326,067. The transaction forms part of a br...
Business Operations and Strategy
Avation Places ATR 72-600 with Colombia’s Clic Air on Six-Year Lease
Positive
Jan 28, 2026
Avation PLC has commenced a new six-year lease and completed the transition and delivery of an ATR 72-600 aircraft (MSN 1473) to Colombian airline Clic Air, expanding its footprint in the Latin American regional aviation market. The transaction un...
Business Operations and StrategyStock Buyback
Avation Buys Back 100,000 Shares Under Ongoing Repurchase Programme
Positive
Jan 23, 2026
Avation PLC has repurchased 100,000 of its ordinary shares on the market at 141.8p per share, placing them into treasury and reducing the total voting rights to 62,351,067, out of 66,835,066 shares in issue, of which 4,483,999 are now held in trea...
Delistings and Listing Changes
Avation Confirms Admission of New Ordinary Shares to London Listing
Neutral
Jan 16, 2026
Avation PLC has confirmed the admission to trading on the London Stock Exchange of 24,710 new ordinary shares, with listing becoming effective on 16 January 2026. The new shares rank equally with existing ordinary shares, bringing the total number...
Business Operations and Strategy
Avation Secures 12-Year ATR 72-600 Lease with Cambodian Airways
Positive
Jan 16, 2026
Avation PLC has signed a twelve-year lease agreement with Cambodian Airways for a new ATR 72-600 aircraft, marking the second Avation-owned aircraft to be placed with the Cambodian carrier, with delivery scheduled for October 2026. The aircraft is...
Private Placements and FinancingRegulatory Filings and Compliance
Avation Issues New Shares Following AVAW Warrant Exercise
Neutral
Jan 14, 2026
Avation PLC has issued 24,710 new ordinary shares following the exercise of its listed AVAW warrants, increasing its total share capital to 66,835,066 ordinary shares, of which 4,383,999 are held in treasury, resulting in 62,451,067 voting rights ...
Business Operations and StrategyStock Buyback
Avation Continues Share Buyback, Reducing Voting Share Capital
Positive
Jan 14, 2026
Avation PLC has repurchased 25,000 of its ordinary shares at 141.5p per share under its existing share buyback programme, with the shares to be held in treasury, reducing total voting rights to 62,426,357. The buyback forms part of a wider mandate...
Stock Buyback
Avation Buys Back 10,000 Shares, Updates Total Voting Rights
Positive
Jan 8, 2026
Avation PLC repurchased 10,000 of its own ordinary shares on 7 January 2026 at a price of 139p per share, with the shares to be held in treasury. Following this buyback, the company has 66,810,356 ordinary shares in issue, of which 4,358,999 are h...
Business Operations and StrategyStock Buyback
Avation Buys Back 10,000 Shares, Updates Total Voting Rights
Positive
Jan 7, 2026
Avation PLC has repurchased 10,000 of its own ordinary shares on the market at 138p per share, with the shares to be held in treasury. Following this buyback, the company’s total shares in issue stand at 66,810,356, of which 4,348,999 are he...
Delistings and Listing ChangesPrivate Placements and Financing
Avation Admits New Ordinary Shares to London Stock Exchange
Neutral
Jan 6, 2026
Avation PLC has confirmed that 173,618 new ordinary shares have been admitted to the Official List of the UK Listing Authority and commenced trading on the London Stock Exchange’s main market on 6 January 2026, ranking pari passu with the co...
Business Operations and Strategy
Avation Signs Six-Year Lease with Clic Air for ATR 72-600
Positive
Jan 5, 2026
Avation PLC has signed a six-year transition lease agreement with Colombian carrier Clic Air for an ATR 72-600 aircraft that has been returned by its previous operator and is now undergoing scheduled maintenance and inspections ahead of delivery. ...
Delistings and Listing Changes
Avation Sets Revised Admission Date for AVAW Warrant Shares on LSE
Neutral
Dec 31, 2025
Avation PLC has announced that the London Stock Exchange has set 6 January 2026 as the revised admission date for new shares to be issued to holders exercising AVAW warrants, replacing the previously indicated timing. The adjustment affects the sc...
Business Operations and Strategy
Avation Expands into South Korea with ATR 72-600 Delivery to SUM Air
Positive
Dec 30, 2025
Avation PLC has delivered a new ATR 72-600 aircraft to South Korean carrier SUM Air under a 12-year lease, marking the first ATR aircraft in SUM Air’s fleet and Avation’s entry into the South Korean market. The aircraft, part of a 10-a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.